Supreme Court · 1971 INSC 10 · Decided 12 January 1971
Indian Aluminium CO. LTD. v. Commissioner of Income Tax, West Bengal
- Court
- Supreme Court of India
- Citation
- 1971 INSC 10 · [1971] 3 S.C.R. 351
- Case number
- CIVIL APPEAL No. 24/1967
- Decided
- 12 January 1971
- Bench
- K.S. HEGDE, A.N. GROVER (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 18(7), 66(I)
Headnote
INDIAN ALUMINIUM CO. LTD. v. COMMISSIONER OF INCOME TAX, WEST B.ENGAL January 12, 1971 (K. S. HEGDE AND A. N. GROVEi\, JJ.J Income Tax Act, 1922, s. !0(2)(xi) arrd I0(2)(xv)-Fee paid to foreign collabqrator for technical know.fio}v-No provision in contra.cl for payment of tax on fee by Indian products, entered into a contract with another company in Montreal, Canada, for the supply of technical know-how etc. for the development of its production. This agreement provided for payment of a retainer fee by the appellant on an annual basis and there was no condition or stipulation
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